Nine Energy Service (NINE) insider sees 219,996 common shares cancelled in bankruptcy

Rhea-AI Filing Summary

Nine Energy Service, Inc. officer David Crombie reported a disposition of common stock tied to the company’s Chapter 11 restructuring. On March 4, 2026, all of the company’s common shares, including 219,996 shares attributed to Crombie, were cancelled for no consideration as the company emerged from bankruptcy, leaving him with no reported common stock holdings.

Insights

Distressed equity & restructuring analyst

All Nine Energy Service common shares, including Crombie’s, were cancelled as part of Chapter 11 emergence.

The filing shows David Crombie disposing of 219,996 shares of Nine Energy Service common stock at a price of $0.00 per share. A footnote explains that, upon the company’s emergence from Chapter 11 bankruptcy on March 4, 2026, all existing common shares were cancelled for no consideration.

This indicates that pre‑restructuring common equity was effectively wiped out, and Crombie’s reported ownership fell to zero shares after the transaction. The economic impact for prior common shareholders is severe, as they received no value for cancelled shares, consistent with highly distressed restructuring outcomes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Crombie David

(Last) (First) (Middle)

2001 KIRBY DRIVE, SUITE 200

(Street)

HOUSTON TX 77019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Nine Energy Service, Inc. [ NINE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		D		219,996	D	$0.00(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 4, 2026, in connection with the emergence of Nine Energy Service, Inc. (the "Issuer") from Chapter 11 bankruptcy, all of the Issuer's shares of common stock, par value $0.01 per share, were cancelled for no consideration.

Remarks:

Executive Vice President and Chief Operating Officer

	/s/ David Crombie by Theodore R. Moore, as Attorney-in-fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Nine Energy Service (NINE) report for David Crombie?

Nine Energy Service reported that officer David Crombie disposed of 219,996 shares of common stock. According to the filing, this occurred when all existing common shares were cancelled for no consideration as the company emerged from Chapter 11 bankruptcy on March 4, 2026.

Why were David Crombie’s Nine Energy Service shares cancelled?

Crombie’s Nine Energy Service common shares were cancelled in connection with the company’s emergence from Chapter 11 bankruptcy. The footnote states that on March 4, 2026, all of the issuer’s common shares were cancelled for no consideration as part of the restructuring process.

How many Nine Energy Service shares did David Crombie hold after the reported transaction?

After the reported transaction, David Crombie held zero shares of Nine Energy Service common stock. The Form 4 indicates 219,996 shares were disposed of at a price of $0.00 per share, with total shares following the transaction reported as 0.0000.

Did David Crombie sell his Nine Energy Service shares on the open market?

No, the transaction was not an open‑market sale. The filing classifies it as a disposition to the issuer, and the footnote clarifies that all common shares were cancelled for no consideration when Nine Energy Service emerged from Chapter 11 bankruptcy on March 4, 2026.

What does the cancellation of all Nine Energy Service common shares mean for shareholders?

The cancellation of all Nine Energy Service common shares for no consideration means prior common shareholders received no payment for their equity. This outcome reflects a highly distressed restructuring under Chapter 11, in which existing equity can be wiped out as part of the company’s emergence plan.

How is the Form 4 transaction for Nine Energy Service categorized?

The Form 4 categorizes the transaction as a non‑derivative disposition with transaction code D, described as a disposition to issuer. It records 219,996 common shares at a transaction price of $0.00 per share, reflecting the cancellation of equity during Chapter 11 emergence.